Callaway Golf. Download the financial information from the Callaway Golf Case included in the Excel file. Such information is correct based on the tal motion and consistent with the financial information used in class to evaluate the potential taunch of the FX1 project. Imagine that prior to launch, the CFO best that you move the production of the irons to another country Such change will bring flexibility to the production processes and a result, the systematic risk of the project and the discount rate will decline. Unfortunately, the corporate income tax rate in the new country is higher, to corporate income tax obligations will increase in the foreseeable future. In particular the new corporate income tax rate will be 40% and the new discount rate will be 95 effective annual rate for all periods What is the incremental impact on the NPV of this new investment? (choose the closest value): The NPV increases by $109 thousand The NPV increases by $62 thousand The NPV decreases by 534 thousand The NPV increases by $43 thousand The NPV increases by 548 thousand The NPV increases by $166 thousand The NPV decreases by S123 thousand The NPV increases by $118 thousand The NPV decreases by $62 thousand NPV does not change The NPV increases by 59 thousand year=0 Revenue COGS Gross gross margin year=1 year=2 year=3 year=4 9,100,000 6,300,000 3,600,000 750,000 3,600,000 2,700,000 1,800,000 450,000 5,500,000 3,600,000 1,800,000 300,000 400,000 Design costs Depreciation Marketing SGA 125,000 125,000 125,000 125,000 600,000 2,730,000 1,890,000 1,080,000 225,000 EBIT Taxes 0.385- 1,000,000 2,645,000 385,000 1,018,325 1,585,000 610,225 595,000 - 229,075 - 50,000 19,250 NOPAT 615,000 1,626,675 974,775 365,925 30,750 CAPEX 500,000 Depreciation 125,000 125,000 125,000 125,000 Receivables Inventory, end 2,275,000 1,575,000 2,250,000 1,687,500 1,125,000 900,000 450,000 WC 2,250,000 3,962,500 2,700,000 1,350,000 Free cash flow 3,365,000 39,175 2,362,275 1,840,925 1,444,250 Discount rate 10